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Executive Summary

The Ashland Building is a high-profile, corner 2-Story medical office with a full basement. White Miami brick masonry building with a large parking lot surrounding it on 3 sides. Over 1 acre of land is included in this magnificent opportunity. Currently, owner-occupied shows pride of ownership. Currently has 2 vacant spaces on the 2nd floor. Perfect for a new owner occupier can move in with income, as the owner will agree to a long-term lease-back for full occupancy. Perfect for 1031 investors or anyone looking to park cash into a nice, clean, and well-maintained investment building.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,000 SF
Building Class
B
Year Built
1961
Price
$666,710 CAD
Price Per SF
$111.12 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
0.37
Lot Size
0.37 AC
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Central Heating
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste 201
  • 2,000 SF
  • Office
  • Partial Build-Out
  • 30 Days

The Ashland Building is a high-profile, two-story medical office property featuring durable full brick masonry construction and a full basement, prominently situated on a large parcel with excellent visibility along three street frontages. Currently owner-occupied and meticulously maintained, the building offers over one acre of land, including a paved and and well-landscaped parking area. The expansive 2,202 SF layout includes six exam rooms, an X-ray machine, a spacious reception and nursing station, a well-appointed waiting area, and a large operating room. Additional features include ample storage and office space within the full basement, along with restroom facilities. The flexible layout allows for further configuration with six additional potential exam rooms, making the property ideal for a wide range of medical or professional users.

  • 2nd Fl-Ste 25
  • 600 SF
  • Office
  • -
  • Now
Space Size Space Use Build-Out Available
2nd Fl-Ste 201 2,000 SF Office Partial Build-Out 30 Days
2nd Fl-Ste 25 600 SF Office - Now

2nd Fl-Ste 201

Size
2,000 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
30 Days

2nd Fl-Ste 25

Size
600 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste 201

Size 2,000 SF
Space Use Office
Build-Out Partial Build-Out
Available 30 Days

The Ashland Building is a high-profile, two-story medical office property featuring durable full brick masonry construction and a full basement, prominently situated on a large parcel with excellent visibility along three street frontages. Currently owner-occupied and meticulously maintained, the building offers over one acre of land, including a paved and and well-landscaped parking area. The expansive 2,202 SF layout includes six exam rooms, an X-ray machine, a spacious reception and nursing station, a well-appointed waiting area, and a large operating room. Additional features include ample storage and office space within the full basement, along with restroom facilities. The flexible layout allows for further configuration with six additional potential exam rooms, making the property ideal for a wide range of medical or professional users.

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 32-18-205-036-0000
  • 32-18-205-038-0000
Land Assessment
$33,143 CAD
Improvements Assessment
$58,864 CAD
Total Assessment
$92,007 CAD
  • Listing ID: 40322967

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 500 Ashland Ave, Chicago Heights, IL 60411

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